Comex Cuts Margins

By Reuters

Published: October 3, 1984

The Commodity Exchange said that effective at the opening today it is cutting margins for trading gold, silver and aluminum futures because of reduced price volatility.

The margin in copper will remain unchanged. The exchange said the speculative margin in gold futures will drop to $1,400 per contract from $1,800 and trade hedges $1,000 from $1,400 currently. Speculative margins in silver are revised downward to $2,250 from $2,700 and trade hedging to $1,750 from $2,000.